Cuisine Company received a 6-month, 6% note for $10,000 from its president on October 1, 2016. The note is due on March 31, 2017. If Cuisine's accounting period ends on December 31, how much interest revenue should Cuisine recognize during 2016 and 2017?

2016 2017

a.

$300

$300

b.

$150

$150

c.

$600

$ 0

d.

$450

$150